"The strategy will not change," said Suhail bin Mohammed al-Mazrouei, speaking in Abu Dhabi. “We are telling the market and other producers that they need to be rational.” Mr Mazrouei added that it could take years for prices to stablise, adding: “We are passing through very interesting times… it is unlikely that we will see a sudden rise [in oil prices].”

However, tensions are mounting within Opec as many of the groups members watch their economies, which depend on $100 oil, head deep into recession. Efforts by Venezuela, which opposed the cartel’s decision in November to keep production levels unchanged, to persuade Saudi Arabia and its Gulf allies to change strategy have failed.

The German government confirmed back in September that it had satisfactorily complied with Ukraine's requests including "defensive equipment". Even trans-Atlantic supporters of Kiev's February 2014 putsch, are now warning that a considerable rise in the influence of fascist militias and certain oligarchs is threatening to establish an uncontrollable warlord system. Prime Minister Yatsenyuk's party has particularly taken the lead in supporting right-wing extremist battalions. Yesterday, Yatsenyuk was ceremoniously received by German President Joachim Gauck.

Yatsenyuk, who, with considerable German support, came to power in Kiev in February 2014, is now in Berlin to obtain additional support for his policies. A political accord was signed yesterday in the Ministry of the Economy granting credit guarantees of half a billion Euros. Even though the German government is still seeking to keep the Minsk Peace Talks alive, it cannot avoid backing Yatsenyuk's pro-western government - even at the risk of Ukraine actually continuing its development of "warlordization," and succumbing to civil war.

Yet now it appears that the far right sees an opening in the new atmosphere of angst that could help bolster its long-standing critiques of Islam and calls for tighter security and immigration caps. The terrorist violence is also fueling fears of a backlash against Muslims, particularly among France’s community of 5 million, the largest in Europe. Muslim leaders say the days after last week’s shootings have produced 54 “anti-Muslim attacks” – an unprecedented number that includes the beating of a Muslim boy after a moment of silence for last week’s victims as well as multiple arson attacks on mosques. “I’m very scared of what the National Front is going to try to do,” said Sarah Belhaddad, a 17-year-old French Muslim student in Paris.

Amid the tragedy, Marine Le Pen — the leader of the National Front, who once compared Muslim immigration to France to the Nazi occupation — has been going nonstop, drilling home her message that the French must stop being “angels.” Shunned by organizers of a historic national unity march Sunday in Paris, she opted to hold her own rally in the south of France. “This is a turning point for open debate,” Le Pen said in an interview Monday at her office in a western suburb of Paris. “If, after these attacks, politicians shut down any ability to debate these issues, the victims will have died twice.” She is not alone. In the days since the attack, from Spain to France to Germany, the far right has sought to leverage the events of last week. And it may be paying off.

In Germany, a growing anti-Islamic movement known as Pegida, which has deeply worried German politicians, has staged weekly marches in several cities since October. The largest, in the eastern city of Dresden, drew a record 25,000 anti-Islam protesters Monday night. That was 7,000 more than last week — even as organizers said they managed to spread their demonstrations to at least two other German cities, Munich and Leipzig. They also plan to start similar protests in other nations including Britain, Norway, Spain and Denmark.

Speaking to an audience in London which was streamed online to thousands of his followers, Rahman praised Al Qaeda and said ‘Britain is the enemy of Islam.’ Sam Westrop, director of counter-extremism group Stand for Peace told the Sunday Mirror: ‘His kind of rhetoric is not an echo of Islamist terror and extremism – it is a driving force behind it. It is truly reprehensible for him to speak like this, especially so soon after Paris.’

His speech on Friday night came to light after reporters from the Sunday Mirror gained access to an online live stream - they then notified the Metropolitan Police. The newspaper reported that in the video Rahman claimed France was carrying out 'ethnic cleansing', and told his followers what happened in France was 'war.'

But speaking in the European Parliament, Mr Farage brushed aside the claims he was ‘seeking to divide’ the country for political points.

He told MEPs: ‘We need an honest admission that actually our political decisions have led to much of what has happened. Just think about foreign policy – from Afghanistan through Iraq, through Libya and even the attempt to arm the rebels in Syria.

‘All of these we were told were to make our streets safer, when in fact what we have done is stir up real resentments within the Muslim community and it’s had the very opposite effect.’ He added that ‘mass immigration’ had ‘made it frankly impossible for many new communities to integrate’.

But Mr Farage said: ‘Perhaps worst of all we have been guilty of weakness – lack of courage – a lack of assertion of who we are as people. We’ve turned a blind eye to many of our minority communities to practices that would not be tolerated in the rest of the population. We’ve allowed preachers of hate to go around saying things that are totally unacceptable.

‘The result of all this is we have a fifth column living in our communities that is utterly opposed to our values and how we deal with that is vital for the future. Unless we are prepared to admit our own culpability in much of what has happened we are not going to be able to find solutions. We are going to have to be a lot braver and courageous in standing up for our Judeo-Christian culture.’

The figure is the most aggressive forecast issued so far by any major bank and implies quantitative easing (QE) of at least €2.3 trillion, two or even three times the level suggested so far by ECB officials. It comes amid a blizzard of leaks from Frankfurt over the size and shape of QE as the ECB prepares for a pivotal decision next week. Most analysts say sovereign bond purchases are almost certain after the currency bloc slumped into deflation in December, though legal and political barriers complicate the picture.

A German-led bloc of hawks has been trying to head off any form of debt mutualisation or fiscal union by the back door. This may lead to a messy compromise where the central bank of each country buys its own national debt rather than sharing the risk. This has been condemned by analysts as recipe for trouble, further fragmenting the currency union.

'We see painful evidence of this in the events reported daily in the news, not least the tragic slayings which took place in Paris a few days ago,' he said in his yearly speech to the members of the Diplomatic Corps accredited to the Holy See. 'Religious fundamentalism, even before it eliminates human beings by perpetrating horrendous killings, eliminates God himself, turning him into a mere ideological pretext,' he said.

Francis also denounced the 'abominable' kidnapping and enslavement of young girls by Boko Haram militants in Nigeria and the slaughter of 'unspeakable brutality' of more than 100 children by the Taliban in Pakistan.

Force ISPs to shut down, spy on, or block access to websites deemed objectionable by EU ministries.

All members of the EU should increase their use of psychological operations and propaganda. In particular, the EU should use the "Syria Strategic Communication Advisory Team" (built on UK Home Office psyops expertise ) set up in Belgium when possible.

The EU should increase internal advertising to increase sensitivity to human rights and values of a diverse population (aka avoid the type of "hate speech" that Charlie Hebdo published).

The crack down of firearms should be intensified. Existing firearms laws didn't have any impact on this attack. The attackers were well armed. Perhaps more aggressive laws will fix that.

The EU should coordinate with the US on cyber initiatives to develop a more comprehensive way to track, screen, and detain global travellers.

“The Islamists, which PEGIDA has been warning about for 12 weeks, showed France that they are not capable of democracy, but instead look to violence and death as an answer,” the group said on its Facebook page. “Our politicians want us to believe the opposite. Must such a tragedy happen here in Germany first?”

The slaughter at Charlie Hebdo, which was apparently attacked for publishing cartoons that mocked the Muslim Prophet Muhammad, could not have come at a more opportune time for PEGIDA and its activists. Their weekly protests against the perceived “Islamization” of Germany had been gaining momentum for months, but not quite as fast as the public and political backlash against them.

German Chancellor Angela Merkel had even used her televised address on New Year’s Eve to condemn PEGIDA’s activists as having “coldness and even hate in their hearts.” Since mid-December, counterdemonstrations calling for tolerance and openness toward Muslim migrants around the country had begun to drown out PEGIDA’s rallies in Dresden.

But that trend could now be reversed. “The movement itself will definitely interpret [the attack on Charlie Hebdo] as a vindication for its very existence,” says Carool Kersten, who studies Islam at King’s College University in London. So when the group holds its next demonstration on Monday in Dresden, it will have a lot more momentum, and a new rallying cry, thanks to the terrorist attack in neighboring France. The coming months could then see the emergence of a powerful new force on the right wing of German politics.

The marchers wanted to demonstrate unity after the attacks on satirical magazine Charlie Hebdo, police officers, and a kosher supermarket. The French government said the rally turnout was the highest on record. World leaders, including British Prime Minister David Cameron, German Chancellor Angela Merkel, Israeli Prime Minister Benjamin Netanyahu, Palestinian President Mahmoud Abbas, Malian President Ibrahim Boubacar Keita, EU President Donald Tusk, and Jordan's King Abdullah II joined the beginning of the Paris march.